That’s mainly a talking point used by oil and gas lobbyists to keep their industry from getting crushed by alternative fuels and EVs
That’s widely incorrect. How exactly much batteries we need, what their chemistry should be is up for some debate as are exact numbers for commercially viable raw materials etc.
But using the numbers from here https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth... and using the deepest mine * land area of earth gives enough lithium to build batteries to store roughly 200 years world of the total electricity generation of the entire planet.
Clearly we are never going to actually mine that much lithium, but just as clearly we don’t need anything like that much eitehr.
Strip mine the entire planet to a depth of multiple miles, and the resulting batteries are still few enough to talk about in human terms. This is not good.
A big advantage of EVs is that presidents of the future shouldn't need to beg for oil as much, as road transportation energy supply market would be largely domestic.
But we clearly aren't there yet.
> planes
Sustainable aviation fuel, synfuels
> trucks,
Hydrogen fuel cells
freight trains,
Batteries, renewable diesel, synfuels
> heating,
Heat pumps
> electricity production
Outside of some remote islands petroleum is hardly used for electricity production.